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Looking to buy first house

We are looking to buy our first house, I have a credit score of 610 and his is lower. We have no assets. There's a car loan in his name for 23,000. We both have student loans (144,000 his and 62,000 mine) which are current and on a income driven plan. Our income is 45,000 yearly. We are currently renting at $1500 monthly. I am a stay at home mom and he has been a teacher for over 6 years. by mommyme4629 from Atlanta, Georgia. Jun 6th 2017 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,571 contributions

Are you wondering if you qualify for a home loan? My best advice is to contact a local mortgage broker in your area. Give them a complete application and let them zero in like a laser beam on your individual situation, and give you a proper review. For loans in MN, WI, and SD, visit me at www.WI-MortgageBroker.com

Jun 6th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Much more info needed to analyze your scenario.. and without looking at the complete profile, it's impossible to advise you.. The best advice I can give you is to contact a mortgage bank/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with Arizona and California being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Jun 6th 2017
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